Brazil's Senate will conclude the first round of voting on a landmark pensi...
BRASILIA - Brazil’s Senate will conclude the first round of voting on a landmark pension reform bill on Wednesday, the government’s leader in the upper house said, following a late-night setback to total savings for the social security overhaul.
Speaking a day after senators approved the bill’s basic text but rejected a key amendment in a move that dilutes its overall fiscal impact by 76 billion reais , Senator Fernando Bezerra said they should finish voting on amendments later in the day. There are six more amendments to be considered and voted on before the second and final vote can be held, probably next week.
“Reform is necessary. If it doesn’t come, Brazil will be bankrupt in two years. Sorry, you have to approve it, there’s no alternative,” Bolsonaro said in a video on his Facebook page.Overhauling the costly social security system is Bolsonaro’s economic reform priority this year. Through a mix of unpopular measures such as an increase to the minimum retirement age and to workers’ pension contributions, the bill aims to save the public purse more than 900 billion reais over the next decade.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate Democrats ask the IRS to consider stripping the NRA of its tax-exempt statusThe request came after Democrats released their findings of a months-long investigation into the NRA's dealings with Russian nationals last week.
Read more »
Don't assume the Senate would *never* remove Donald TrumpWith the House now headed down a path that virtually guarantees President Donald Trump will be impeached, conventional wisdom has settled on the idea that the Republican-led Senate will never, ever remove him from office.
Read more »
Lewandowski suggests he won't run for Senate after all
Read more »
Senate would have 'no choice' but to hold impeachment trial: McConnellSenate Majority Leader Mitch McConnell said on Monday he would have 'no cho...
Read more »
Senate has 'no choice' but to take up impeachment if House votes in favor: McConnellSenate Majority Leader Mitch McConnell says the Senate would have 'no choice' but to take up articles of impeachment if the House were to approve the move against Pres. Trump.
Read more »
Senate GOP leader says Trump's tariffs have been 'very tough' on American farmersChina has placed steep retaliatory tariffs on US agricultural products, sending prices and exports sharply lower.
Read more »